ran's Floral Arrangements, Inc. had the following transactions in the month of January: The owners invested $200,000 (the par value of the stock) for 20,000 shares of common stock; the company purchased furniture for the florist shop in the amount of $30,000,which was put on a credit account with the vendor; and the company paid employees wages of

$ 10 comma 000$10,000

in cash. What is the effect of each of these transactions on the accounting equation?

(Enter the transactions in the order they are presented. If a box is not used in the table leave the box empty; do not enter a zero. Enter a decrease in an account with a minus sign or parentheses. Abbreviations used: Acc. OCI = Accumulated Other Comprehensive Income; Beg. R/E = Beginning Retained Earnings; Contr. Cap. = Contributed Capital.)

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Assets

=

Liabilities

+

Stockholders' Equity

Retained Earnings

Cash

+

Furniture

=

Liabilities

+

Contr.

+

Acc.

+

Beg.

+

Service

-

Expenses

-

Dividends

Cap.

OCI

R/E

Revenue

and Losses

Declared

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